Audit Techniques – NBC Institute

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

Question

Which of the following is an analytical procedure generally used to produce audit evidence?
A. Confirmations mailed directly to the auditor by the client’s customers
B. Physical observation of inventories
C. Relationship among current financial balances and prior balances, forecasts, and non-financial data
D. Detailed examination of external and internal documents
E. Circularisation letters to debtors and creditors of the company

Answer

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Tags: Analytical procedures, Audit evidence, Audit Techniques
Level: Level 3

Topic: Advanced Audit Planning and Strategy
Series: NOV 2012

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

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Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

Question

The audit process has evolved from vouching and systems-based audits to risk-based auditing.

Required:

a. Give brief descriptions of each of the three types of audit stated above. (9 Marks)

b. State the instances where vouching and systems audits are still applicable. (6 Marks)

Answer

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Tags: Audit Process, Audit Techniques, Risk-Based, Systems-Based, Vouching
Level: Level 2

Topic: Emerging Trends in Auditing

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

Question

ISA 520 Analytical Procedures provides guidance to auditors on the use of analytical procedures during the course of the external audit.

Required:
When using analytical procedures as substantive audit procedures, list and briefly explain with examples three factors to consider when determining the extent of reliance that can be placed on the results of such procedures.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques, Financial Statements
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques
Level: Level 3

Topic: Advanced Audit Planning and Strategy
Series: NOV 2012

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

Question

The audit process has evolved from vouching and systems-based audits to risk-based auditing.

Required:

a. Give brief descriptions of each of the three types of audit stated above. (9 Marks)

b. State the instances where vouching and systems audits are still applicable. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Process, Audit Techniques, Risk-Based, Systems-Based, Vouching
Level: Level 2

Topic: Emerging Trends in Auditing

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

Question

ISA 520 Analytical Procedures provides guidance to auditors on the use of analytical procedures during the course of the external audit.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques, Financial Statements
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

Question Tag: Audit Techniques

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AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

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Question Tag: Audit Techniques

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AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

You're reporting an error for "AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing"

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

You're reporting an error for "AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence"

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

You're reporting an error for "AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing"

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

You're reporting an error for "AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence"

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